Canada’s public pension funds (CPP Inv. Board, PSP Inv. and Ontario Teachers’ Pension Plan for instance) own assets all over the world, including property in Manhattan, utilities in Chile, international airports and railway connecting London to the Channel with returns well above 10%. They brought most of their investments in-house, reducing costs to a tenth.
The economic performance of today’s cities and regions could suggest a profitable strategy of investment. Clearly the outcomes of the different effects of globalization on any region or country will depend on the structure and history of the region, the actual scale of the local technological and institutional changes, the existing spatial structure and the extent of urban clustering.
Real estate portfolio or funds management differs radically from managing equity, bond or mutual funds in that real estate managers are not only responsible for asset allocation, risk management and transaction supervision, but also for managing the execution of asset strategy. Unlike equity managers, who research companies and manage the probabilities that they can execute their articulated strategies, real estate managers must help define and execute on property-level opportunities.
9. Starwood propositions and strategy map. Starwood vision: become the worldwide hotel and leisure business, focused on customer experience and pleasure. · Financial proposition: increase shareholder value, increase revenue and defend from competitors. · Customer proposition: experience driven journey, explore new ways to serve customer. · Internal process proposition: increase presence worldwide, reinforce segment leadership,…
6. Measuring competition and performance. In this industry the most commonly used method to project performance is fair-share analysis, in which a percentage of market capture is estimated for the subject based on the number of rooms in the subject divided by the total number of rooms in the market. Projected market share must be…
4. Product main categories. Most hotels appeal to multiple consumer segments, anyway it is important to state the main segments used in the industry: service level, physical and functional characteristics, location and price. Full-service hotels offer a wide range of services, including valet parking, luggage assistance, concierge services, gift shops, fitness centers, business centers, three-meal…
The Balanced Scorecard approach has been pioneered by Prof. Robert Kaplan and Dr David Norton. At the highest conceptual level, it helps organizations translate strategy into a set of linked operational objectives that drive both behavior and performance. The Strategy Map is the blueprint that guides users through the process of developing the right set…
